MANILA, Philippines —The Bureau of Internal Revenue (BIR) will conduct a tax fraud audit of contractors flagged for alleged irregularities in flood control projects, its top official said on Tuesday.
“Should any contractor be found to have underpaid or evaded taxes, the BIR will not issue an updated tax clearance to them,” Tax Commissioner Romeo Lumagui Jr. said in a statement.
BIR to audit contractors flagged for ghost flood projects for tax fraud — BIR, This news data comes from:http://lcqqgkmn.xs888999.com
“The contractor will be disqualified from participating in future government procurements, and the final settlement of their existing government contracts will be suspended,” he added.
President Ferdinand Marcos Jr. revealed questionable infrastructure projects, particularly “ghost” flood control works that were reportedly paid for by the government but never constructed.
Lumagui argued that government contractors are mandated to secure an updated BIR tax clearance before the final settlement of any government project as per the provisions of Revenue Regulation No. 17-2024 (RR No. 17-2024).
“The clearance must certify that the contractor has no outstanding tax liabilities and has duly filed and paid all applicable taxes,” Lumagui said.
“This updated clearance is distinct from the initial tax clearance required during the eligibility phase of the procurement process,” he added.
- 1 in 4 people lack access to safe drinking water — UN
- House bill seeks to regulate AI use
- Gloria Arroyo files bill to empower Office of the Vice President
- In Taiwan, competing narratives over the meaning of China's massive military show
- Villanueva: Regularize contractual govt workers
- India to probe giant zoo run by son of Asia's richest person
- Ukraine's children start new school year in underground classrooms to avoid Russian bombs
- Nepali court: Hindu holy men's nudity not obscene
- Thai cannabis-championing tycoon takes office as PM
- Dizon to order DPWH officials to submit courtesy resignation
